lefergs

Eurusd Uptrend. D1 Pullback Expected

Short
FX:EURUSD   Euro / U.S. Dollar
Eurusd is has finally broken out of its long time range and is currently at a strong level of resistance @ 1.1142. Therefore, It can be expected that price will retest the top of the recently broken range, however it would be unwise to start selling now as price is still very bullish. So what i will be looking for is a shift of momentum from a bullish one to that of a bearish one. Personally this would be a break of my h4 trend line and a retest of structure. at this point i will look for a valid entry eg. engulfing candle and then open a position.

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